Solana VM (SVM)
Solana VM is a blockchain infrastructure built on Ethereum that enables dApps to execute transactions on the Solana chain network without major changes to the codebase structure. It allows blockchain developers to seamlessly integrate the Solana network into their dApps, opening access to the rapidly growing DeFi market on Solana.
The platform is powered by the native $SVM token, which is primarily used for paying fees to node runners and other ecosystem contributors.
On May 24th, 2024, Solana Virtual Machine launched a pre-sale round of its native $SVM token on its website, aiming to raise over $1.05M
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